• Latest
  • Trending
Nigeria poised to introduce $1.5 million AI assistance fund

Nigeria poised to introduce $1.5 million AI assistance fund

October 3, 2024
MSport 2025

MSport 2025: Nigeria’s #1 Sports Betting Site, Powered by Chelsea & BVB

September 25, 2025
MNT-Halan introduces Egypt’s first secure lending solution via Halan App

MNT-Halan introduces Egypt’s first secure lending solution via Halan App

September 25, 2025
Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

September 25, 2025
Airtel Africa invests in education with 100 scholarships and new tech hubs

Airtel Africa invests in education with 100 scholarships and new tech hubs

September 25, 2025
SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

September 25, 2025
Tango Brook launches digital card for fuel management

Tango Brook launches digital card for fuel management

September 25, 2025
AI in Nigeria announces 3rd edition of InnovationAI

AI in Nigeria announces 3rd edition of InnovationAI

September 25, 2025
Interswitch Unveils Quickteller Travel to Transform African Travel Experience

Interswitch Unveils Quickteller Travel to Transform African Travel Experience

September 25, 2025
Alibaba, Nvidia collaborate to expedite humanoid robot development

Alibaba, Nvidia collaborate to expedite humanoid robot development

September 25, 2025
OpenAI expands $500 Stargate AI initiative in partnership with Oracle and SoftBank

OpenAI expands $500 Stargate AI initiative in partnership with Oracle and SoftBank

September 25, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Technology AI

Nigeria poised to introduce $1.5 million AI assistance fund

Olanrewaju Adeniyi by Olanrewaju Adeniyi
October 3, 2024
149 1
0
Nigeria poised to introduce $1.5 million AI assistance fund

Nigeria poised to introduce $1.5 million AI assistance fund

465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

The Nigerian government, led by the Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijani, is poised to launch another $1.5 million support fund dedicated to advancing Artificial Intelligence (AI) in the country.

This initiative aims to strengthen Nigeria’s AI capabilities and foster innovation within the tech ecosystem. The announcement comes in the wake of ongoing efforts to bolster the nation’s AI infrastructure and reflects the government’s growing commitment to positioning Nigeria as a leader in the global AI landscape.

Read also: Chromebooks get a new button dedicated to Google’s AI

AI support fund context and launch details

In an interview with Arise TV, Dr Tijani disclosed that the new AI fund would be launched on October 7th in Abuja in collaboration with Luminate, a global foundation focused on empowering people through data and technology. This initiative follows the launch of a previous N100 million AI fund, which faced criticism for being insufficient to drive meaningful change in Nigeria’s tech space.

RelatedPosts

Alibaba, Nvidia collaborate to expedite humanoid robot development

GritinAI Connect: AI Conference Benin 1.0 set to drive sustainable development in Edo

Nigeria unveils AI model ‘N-ATLAS’ that supports Hausa, Yoruba, Igbo

Strategic AI development

Dr. Tijani noted that the criticism of the earlier fund arose from a misunderstanding. He emphasised that the government’s approach is to pool resources from various local and international partners. The new $1.5 million fund adds to the broader investment strategy and will support research and development (R&D), AI startups, and initiatives focusing on local language integration in AI technologies.

A vital part of the initiative will be the creation of a National Artificial Intelligence Trust in collaboration with AI Collaborative. The Trust will work to ensure ethical AI practices while promoting the growth of indigenous language models and datasets.

Read also: OpenAI streamlines AI voice assistant development

Addressing grassroots challenges

Responding to concerns about how high-level technology investments will benefit grassroots communities, Dr Tijani highlighted the importance of foundational infrastructure. He referenced the government’s project to lay 90,000 kilometres of fibre optic cables across Nigeria.

While the project might take years to complete, the long-term benefits in connectivity and economic opportunities are expected to be transformative. This infrastructure and the government’s 3 million Technical Talent (3MT) initiative aim to provide jobs and drive technological inclusivity across all regions.

The announcement of the new AI support fund aligns with the government’s broader agenda to enhance AI research, digital literacy, and entrepreneurship in Nigeria.

Following a National AI workshop earlier this year, Luminate pledged to provide $1.5 million over three years to support three key organisations—Data Science Nigeria, Lagos Business School, and the Center for Journalism, Innovation, and Development—through the AI Collective, which is managed by the National Center for Artificial Intelligence and Robotics (NCAIR).

These ongoing efforts by the Ministry are part of a strategic roadmap aimed at integrating AI into the country’s economic development and ensuring that Nigeria harnesses the potential of emerging technologies for societal advancement.

Tags: Artificial Intelligence
Olanrewaju Adeniyi

Olanrewaju Adeniyi

Olanrewaju is a creative media professional focused on tech storytelling and digital content creation. He produces engaging content on tech, AI, software, and innovation. He also trains staff on using AI tools for research, video editing, and productivity.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.